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NVIDIA smashes analyst expectations, more good to come

NVIDIA had a 'breakout quarter' fueled by Pascal GPUs, and deep learning dominance
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Nov 11, 2016 1:10 am

NVIDIA has had a massive 2016, and now they're reaping those rewards with Q3 2016 results that have blown analysts expectations away.

 

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Analysts expected NVIDIA to hit $1.69 billion for the three-month period, but the company instead reached $2 billion - quite the difference. NVIDIA's gaming sector saw the biggest increase in revenue, especially compared to last quarter - with NVIDIA posting a huge 63% increase to $1.244 billion for the gaming sector.

 

Patrick Moorhead from Moor Insights & Strategy said: "NVIDIA had a stellar quarter and the company is hitting on all cylinders. GPUs and Tegra were up a combined 54% YoY driven by huge increases in gaming, datacenter and automotive with steady progress from pro graphics. It's hard to spot a hole right now in their lineup and as self-driving cars and machine learning become more popular, I believe NVIDIA will just keep improving".

NEWS SOURCES:Blogs.barrons.com

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